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Key Points on the Financial Sector Omnibus Law: General Overview
This Financial Sector Omnibus Law regulates a combination of multi-sectoral and/or multi-institution regulations such as the provision of the financial institutions (such as Bank Indonesia; Deposit Insurance Agency or Lembaga Penjamin Simpanan – "LPS"; Financial Services Authority or Otoritas Jasa Keuangan – "OJK"), banking law, capital markets law, insurance law, bullion business activities, cooperatives, Micro Small Medium Enterprises (MSME) financing provision, carbon exchange in capital market realm and others.
This ARMA Update discusses key points of this regulation in terms of overview points.
Granting of Second Home Visa and Stay Permit in Indonesia for Foreigners
This ARMA update will discuss the contents of the DGI CL 0820/2022, including the conditions and requirements to gain a second home visa and stay permit in Indonesia.
BAPPEBTI Regulation No. 13 of 2022 as a Method to Further Mitigate Future Risk in Crypto Asset Trading in Indonesia
This ARMA update will discuss concerning the major changes and additions implemented BAPPEBTI Reg 13/2022 including the new requirements for physical traders of crypto assets.
Consumer Protection in Financial Service Business: The Prohibition of Using Force in Debt Collecting
Through the Financial Services Authority Regulation No. 6/POJK.07/2022 concerning Consumer and Community Protection in the Financial Services Sector, illegal debt collection procedures as mentioned above are prohibited…
Enforcement of the New Format of Taxpayer Identification Number (Nomor Pokok Wajib Pajak – NPWP)
The National Identity Number (Nomor Induk Kependudukan – NIK) will be the identity number of individual taxpayers (replacing the role NPWP – Nomor Pokok Wajib Pajak)
Electronic Mediation in Courts General Overview
Currently, due to the development of technology, the Supreme Court has made improvements to Indonesian civil procedural law through Supreme Court Regulation No. 3 of 2022 concerning Electronic Mediation in Courts (“SC Reg 3/2022”) which essentially provides the basis for the mediation process to be carried out electronically by the courts as an alternative to conventional mediation procedures.
This ARMA Update will discuss the substance and procedure stipulated in SC Reg 3/2022.
Electronic System Operators Registration Deadline: 20 July 2022
This ARMA Update will discuss concerning which ESO’s are required to register and why this deadline is important to be noted as well as how this regulation could impact ESO’s for their business concerns.
Trademark Registration
Trademark is an important asset in business, since a Trademark determines the identity of a brand that needs to be protected and registered. By being registered at the Directorate General of Intellectual Property Rights, it will be easier to claim ownership of the Trademark. If registered, the applicant of the Trademark will be considered as the legal owner of the Trademark.
Key Points on the Newly Legitimate Sexual Violence Crime Law by DPR
This ARMA Update will discuss the critical points of the Sexual Violence Crime Law, including the purpose, forms, procedural law, the victim’s rights, and the criminal sanctions. We also discuss how the Sexual Violence Crime Law may affect corporate practices and the impact of th approach in drafting certain agreements, including in merger and acquisitions documents.